On Glassdoor, the vast majority of agents say they would happily recommend the company to their friends to work for. That being said, there are some drawbacks to working here. Agents mention how easy it is to get lost in such a large company. If you work at a large franchise office, then you might not get the training and attention you need. They also mention that some franchises are better than others. Many of them have Google accounts and Facebook pages where customers share their experiences.
If you want to hire an agent from a prominent real estate company, there are alternatives to working with Keller Williams.
These brokerages may be more common in your area, depending on the market there. Century 21 has been in operation since and is one of the most recognizable brands out there.
There are currently more than 11, franchise brokers who operate Century 21 offices across 83 countries. Whether you want to move down the street or across the world, you can find a Century 21 Realtor who is eager to help. The company manages both commercial and residential property sales across the country and the world. There are more than , agents working in countries for this organization. Coldwell Banker is one of the oldest real estate brokerages that also has a national footprint.
The company was founded in and boasts more than 3, offices in 49 countries. Hiring a Coldwell Banker agent can give you the benefits of hiring a large firm with the experience of a century-old business. It nearly caused him to go out of business. Rather than give up, Glenn decided to create a new real estate brokerage.
This real estate brokerage would not depend on brick and mortar offices. Instead, it would support agents nationwide via a cloud office. This brokerage was eXp Realty the office would become eXp World. In addition to eXp Realty revenue share , Glenn took eXp Realty public in and created the agent-equity program where agents could earn publicly traded stock in the company for their sales production and attraction efforts.
In , the company was growing steadily but was still under 1, agents nationwide. It is the 2nd largest independent real estate brokerage as ranked by The Real Trends In addition to the support options for agents, both companies offer agents additional income opportunities. As mentioned earlier, Keller Williams provides profit-sharing to its agents; eXp Realty provides revenue sharing.
Additionally, eXp Realty offers agents stock for their production and attraction efforts. Keller Williams is privately held and does not provide stock ownership to its agents. Keller Williams is a franchise model. Agents and brokers have the opportunity to expand their business or attract agents from any area regardless of borders.
Also, agents only pay one cap even if they hold licenses in multiple states. One of the most discussed benefits of these two companies is the companies offering of residual income to agents that help grow the company. To compare eXp Realty vs Keller Williams, agents need to understand the difference between the two. At the very basic level, revenue and profit share work like this. Revenue share is a fixed-percentage and determined by multiplying the gross commission income times that levels percentage amount.
Both companies have a seven-level model. Meaning that not only do you earn this share percentage of the agents you sponsor, but also that of the agents they sponsor down seven levels total. Each level offers a different amount. With Keller Williams when an agent leaves that in your seven levels, all agents under that agent move up a level.
With eXp Realty when an agent leaves, that position becomes a company spot, and all levels remain the same. Agents that have earned millions of dollars of Keller Williams profit share and now earn similar amounts of eXp Realty revenue share state the following. With the same number of agents in their organizations at eXp Realty and Keller Williams, they make between 6 to 10 times more at eXp Realty every month because of the difference between revenue-sharing before expenses and profit-sharing after expenses.
But one companies plan is much lower overall. There is one thing to point out about each companies compensation plan before going into specific details. At Keller Williams, each market center is individually-owned. Therefore, compensation plans can vary from one office to another, especially in different states. At eXp Realty, all agents are on the same split regardless of state, length in the business, or production levels.
At both real estate brokerages, new agents will come on typically with a different commission split and offered unique training opportunities specific to new agents. Again, this can change for each market center at Keller Williams because they are all independently owned. However, from the agents I spoke with, this seemed to be a common theme.
During this initial launch phase, agents are provided additional training and resources from the market center. Therefore the increased split is warranted. At eXp Realty, the eXpand Mentor program is set up to support agents who have not sold 3 or more transactions in the last 12 months. Most of the time, this means having someone in your exact market or within around 50 miles of you. They are responsible for helping to guide you through those first few transactions and completing the additional eXpand Mentor classes.
Keller Williams has long been hailed as the real estate industries leading training brokerage. Ignite training is set up to launch agents in their first 90 days. The local market center typically teaches this class at predetermined times throughout the year. Maps Coaching is additional training, and coaching agents can sign up for to help them take their business to the next level.
This coaching typically comes at an additional cost to the agent. This class is for both new and seasoned agents. It will provide group accountability, scripts, training, and resources to increase your prospecting as an agent. Today, agents can attend nearly 50 hours of live training every week from the comfort of their own home. Some trainings occur consistently every week, while others are one-time trainings that focus on a particular topic. Agents can mark their calendars and plan to attend via their computer live in eXp World or listen in on-the-go via the eXp World mobile application.
One of the next most common questions asked when agents compare eXp Realty vs Keller Williams is how do teams compare? The answer depends on a couple of factors discussed below.
At Keller Williams, there are all sorts of different team fees, depending on when you joined the brokerage. Some grandfathered Keller Williams team leaders have a structure where additional team agents do not add to their cap. Team agents are eligible for the ICON stock award as well as all other eXp stock awards and revenue share programs.
Set up like a referral relationship with agents. Agreed upon deals are split with team leader first, then eXp second. Both couples produce toward one cap and can earn one ICON award for the couple. One of the critical differences between eXp Realty vs Keller Williams is having physical brick and mortar offices. Agents at Keller Williams receive access to that market centers shared workspaces. Additionally, they can purchase private office space at an additional monthly expense.
This expense ranges from a few hundred dollars a month to thousands of dollars in higher-cost markets. The majority of training and support takes place within the physical office at Keller Williams, meaning that agents travel to and from the office to take care of business. At eXp Realty, there are no physical brick and mortar offices.
Agents receive Regus memberships where they can access the shared workspaces in over locations, cities, and countries. Additionally, eXp agents can purchase private offices from Regus at a reduced rate due to this membership that is already provided by eXp Realty. Many eXp agents also take advantage of lenders, title companies, and local coffee shops for office space. The thought of retiring as a real estate agent is most often just that, a thought.
Over time, agents acquire more and more ownership and start to build a portfolio of EXPI stock that can later be sold and used for several things, including retirement.
In that time, I have acquired over 10, shares of EXPI stock for my production and attraction efforts. So it takes 12 transactions to cap, then an additional 20 to become an ICON.
I believe that to understand the culture of a company, and in being able to compare that of eXp Realty vs Keller Williams, you need to have experienced them first hand.
I have only been apart of the eXp Realty culture, so I can only mainly speak of this experience. So we definitely have the relationship and presence in the community. The brokerage is always trying to expand its technology and is always up to date with current trends. They are truly the best and you can come to the office and get help from almost everybody.
The reason why I signed with Keller Williams is because they are very well known. I really wanted exposure, and they had a lot to offer. They provide continuous training on everything and also encourage you to build lead generate.
Especially as a new agent, I think it's already hard enough as it is getting started and having just paid your school, exams, and activation fees for your license. They are a very acceptable brokerage. They have a great reputation, structure, and they have the greatest support system. My favorite aspect of Keller Williams is their training. They have you go through a 9-week training where coaches help you with the first couple of transactions, and they also provide some online training.
I recommend this brokerage to new agents to start off with because it is really good training. I was going to start here and change, but I ended up staying because I absolutely love what they provide and how they train. They're good. My husband and I are both agents there, and we enjoy it.
There is a lot of training that's provided, and it is a really good environment. The reason why I chose them was that they have a good mindset in the real estate industry. They really help their agents promote their contacts and help us organize ourselves to continually reach out to our clients because that how we get business. There are also many seminars they provide for new agents, along with coaching agents on what to do step by step on a transaction.
They truly have a great atmosphere, and they are very well known nationally. They are a great company. They provide top-notch training for new agents, and they make sure that every agent knows how to go through every step of a transaction. They have a supportive environment, and the brokers are always available when you need any assistance. Their training is ongoing, and the culture is amazing.
It's more for part-time real estate agents, and I really like it. Our team leader is extremely supportive of his agents and always checks our contracts before any signing. Not only does he double-check everything, but he also provides online videos in case we are working late and need any assistance. We can always refer to the videos on how to do certain things. They are very supportive, and it's great for part-time real estate agents.
I like that it's one of the large organizations because the name is very well known and that's how traffic is brought in.
They really provide their agents with a lot of tools and technology to help us succeed in the industry. I really recommend them for new or experienced agents.
They are truly a great company. I like everything about KW. The comradery, teamwork, and the profit-sharing opportunities they provide. They are the number one company in the world, and they provide top-grade education and courses. They're truly a great company to work for. It's a great brokerage. There are many agents with so much experience and knowledge, and they are not greedy with sharing it with others.
They also provide top-notch training every week, which is very helpful for the new agents like myself. Great brokerage and fair commission splits. They have a really friendly environment. The coaching program is great and they provide top- notch training and have a good reputation.
I think it's a really good brokerage to join because they have a big network and they are a franchise company. I definitely recommend them because of the one-on-one coaching and all the tools that are provided. Keller Williams is a great company. The managers are nice, the team is helpful, and if you need any assistance, they are always available.
The broker is also great. He really cares for the agents and talks to them regularly. I also love the fact that they are trying to work on providing dual-career classes for agents like myself, who have another career as well as real estate. They are the number one brokerage out there, and their training is outstanding.
I like the additional training they provide for new agents. It is very helpful. If you think you need additional training, I definitely recommend Keller Williams. The only con about it is that it's very pricey with all their fees. I'm currently at Keller Williams and my volume sold is about k. Looking for a new brokerage because the fees are high, and their office fees are high as well.
Need to find a brokerage with lower fees and more leads. They're great. I like the people, the environment, and all the training they provide for their agents. They also offer many useful tools so that we are organized and efficient when it comes to our clients.
Although they are a big company, the broker is very supportive of their agents, and they are there if we ever have any questions or concerns. They were good. They offered training beyond the schooling that was very helpful.
Agents there were very friendly and would show you how things worked or how to approach a certain situation. The only thing is that they prefer new agents to start as an individual agent rather than be on a team. In my opinion, I think when you're new, you'll feel better with a team environment. That way, you have people to guide you with any questions you might have. They were so very into training and coming into the office Less office time would have worked a lot better.
Didn't work for me at all. Moved to a place with more energy and leads and do not regret it one single bit! They always have classes I wouldn't say their training is great but they always have classes available. The training needs work, they do have a lot of classes, but they focus more on lead generation. They are missing how to get the job done especially for a new agent.
They teach how to find clients, but not how to get the job done like the forms, the processes. The fees they charge are a lot especially the monthly office fee. I didn't get enough overall support with Keller Williams in Torrance. The support that I wish I had got was more mentorship, training, and referrals to help me to generate more sales for the company.
Keller Williams Cityside in Atlanta had no real volume, so I had to seek out new opportunities. I have been with Keller Williams in St Louis for a few months. I have no volume sold as of yet. I have done all of the Keller Williams training, just no closings or contracts.
That's why I'm is looking for other options because they offer no leads, just a lot of training. They are great for someone who doesn't know the business, but once you get to a certain point, you learn everything that they have to offer and need to figure out something else to get to the next level. I got no leads at all, but everything was so high tech that the clients they work with already have done their homework. Leads are critical - I don't have a big client base right now, but with leads, I could have closed more.
It is a great company, and very similar to EXP. The only thing is that it is more traditional, where you have to manage business in person. At EXP, you can manage it all online which is better. The cloud is more convenient in my opinion. I did not like all of the push to pay for more training. At least at my brokerage in Dallas, they always pushed you to pay for more training.
I'm a newbie in the real estate industry, and currently associated with Keller Williams. I'm overwhelmed with all the fees, books, and poor coaching. The best part of it is you are surrounded by friendly people. Lots of people complain about the fees, but I think they make sense because it's a corporate thing. They provide training and leads if you're willing to do the phone calls.
I felt lots of pressure to buy those educational products or I couldn't progress get more leads. If you are a new agent, I do think these programs are valuable. I am working with Keller Williams as a part-time agent in Houston. The one on one training and support isn't working well. I've been at KW for 7 years. I am leaving because I am looking for the ability to learn the commercial side of real estate. Unfortunately, Keller Williams does not offer that at this moment.
There was no good lead generation with Keller Williams. I'm seeking a company with fewer fees and a better commission opportunity. Keller Williams isn't a great platform for me. I'm working a side job full time for additional income. There are no remote options. I've been with Keller Williams for 4 years.
I am looking for something closer to home. The office is too far to travel back and forth and no flexibility. KW is a great place to start your career. Although the fees can be exorbitant, and the technology isn't as good as some of the other brokerages out there, its a good place to learn real estate.
I am leaving Keller Williams because I would like to work with high end clients at a higher price point. I need more mentoring and to be challenged to learn and develop towards my goal. I was with Keller Williams for three years. I didn't sell a lot of volume, and ended up leaving them due to not selling any homes.
I needed to start a side business to make additional income. The best part of working for Keller Williams is that they have an excellent training program. They provide average leads and the commisson splits and fees were were fair. I've been with Keller Williams in Los Angeles about a year. I'm leaving them because there are so many fees, and yet there are no good leads. I am very disappointed with the way they train agents.
I do not recommend Keller Williams for beginners. The training is good if you are a new real estate agent. Good communication from team leads. I have been with Keller Williams Heritage and it is not a good working environment for me. The company is lacking team morale, and we work on our own as we are not getting enough support to guide us through. I have been with Keller-Williams for years.
They're a generous company. Benefits are overwhelming And, this company promotes from within. I guess all companies would always say that, but they don't really do that in the end. Everything is fine with Keller-Williams and steady. However, I feel that eXp supersedes them. I'm an agent at Keller Williams in Baltimore.
Nothing negative to say I'm very happy with the resources and office setting. Keller Williams does not offer or generate leads. I was also told that I could get a mentor, then they revamped their Mentor program and I just work on my own.
Due to these changes, it's not aligning with what I am looking for to reach my goal. It's a great company, the managers are nice, the team is helpful and if you need any assistance, they are always available. The broker is also great, he really cares for the agents and talk to them regularly. I also love the fact that they are making their trying to work on providing dual career classes for agents like myself, who have another career as well as real estate.
I definitely recommend joining. They are the number one brokerage out there and their training is outstanding. I've been in the real estate industry for about one year now in Southwest Florida. I've got nothing negative to say about Keller Williams, but I'm starting to look for what other opportunities are out there. I'm fairly new to real estate. I just obtained my license last year. I want to move to a different brokerage because I'm always on my own.
I do have some leads they gave me which I'm working with, but they have bad credit I've been on a buyers team for Keller Williams for 10 years. I'm looking for a team that offers a bit more than what they are offering. I just started at KW. So far so good. The offices and the people are very nice. So far, the support systems seem like they are exactly what I need to get started. Keller Williams location does not offer commercial. I left to get into the Commercial side of real estate.
I also wanted an office where ethics were held in a higher regard.. Keller Williams is the largest real estate franchise in the US. Each office is individually owned and operated. Currently, KW has the most agents, sells the most units, and leads in sales volumes in the US.
Each Keller Williams marketplace offers a unique work environment. Schedule interviews, ask to attend training sessions, and learn all you can about a particular office, including the number of agents, market share, mentorship opportunities, etc.
It borrows from the dependent real estate brokerage model business-oriented with low-splits , and the independent flat-fee brokerage model client-oriented with high-splits to create an interdependent relationship that fosters the mutual benefit of both parties. At the heart of the franchise is a code of shared beliefs and values. The profit-sharing tree goes down 7 levels, similar to a multi-level marketing scheme.
Retirees still receive profits as long as the agents they brought in are productive. Keller Williams has some of the best training in the industry. Ongoing training for new associates is offered under the Ignite program.
With Ignite, top producers in your office teach you how to sell. KW has a graduated split capped arrangement. Market centers can only collect commissions up to their allocated annual caps — which are based on their operating expenses. However, market centers have permanent staff like real estate assistants, managers, and team leaders who receive compensation. According to KW. Most of the fees include marketing expenses, office expenses, desk fees, technology fees, membership to Realtors Association, internet fees, etc.
Costs might be lower or higher depending on the marketing center you join. Besides residential properties, you can specialize in commercial, luxury, and land. You also consent that we, or our partner providers, may reach out to you using a system that can auto-dial; however, you do not need to consent to this to use our service.
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